Australia main index looks ready for further gains.
Technically,
Generally this is a guideline for the setup, you should choose whats suits you for entry and exit . For me, A pullback towards the neckline could be an opportunity to long. With a stop loss below 5480.00
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
Technically,
- A double bottom formation at the long term rising trend which was completed on breakout above the neckline at 5610.
- Bullish divergence on Momentum
- Breakout back above the two mean averages (50 and 200)
- Major bullish pin bar on the weekly chart
Generally this is a guideline for the setup, you should choose whats suits you for entry and exit . For me, A pullback towards the neckline could be an opportunity to long. With a stop loss below 5480.00
My best regards
Technician
Subscribe to my trading portal thefxchannel.com